Furmanite - CEO Announcement

On May 27^th of this year our current CEO, Charlie Cox, announced his intention to retire at the end of 2014.  At the same time Charlie affirmed that organizationally his retirement would result in no change of direction for the company due to the fact that the leadership team and the Board of Directors is firmly committed to our cultural and strategic direction.

 

Today a public announcement has been made that reaffirms those earlier statements, as our current President and COO, Joe Milliron, has been named to succeed Charlie Cox as CEO upon his retirement on December 31^st of this year. 

 

Alongside Charlie, Joe has been instrumental in our growth and direction over these previous years.  Joe’s succession as CEO provides continuity to our growth strategies and proven leadership for 2015 and beyond!  Please see the attached press release for more details and join together in thanking Charlie for his leadership contributions as well as congratulating Joe on his role as our next CEO!

Furmanite FORUM

View the Furmanite FORUM:

http://online.flipbuilder.com/augd/jlzs/

This link is for the premiere issue of FORUM – a new employee publication/newsletter created to share information worldwide. It will be distributed bimonthly via email with printed issues available at each Furmanite location.  The name FORUM was selected to reflect the publication’s purpose to foster communications around the globe.  We hope you enjoy reading the business updates, progress reports and features about Furmanite employees and our growing global business. We invite you to participate in future issues of FORUM by providing story suggestions, photographs, questions and ideas. 

We welcome your feedback at Marketing@Furmanite.com and ask everyone to take a few minutes to complete the brief survey that will follow the publication next week, as well as future surveys, so we can focus on continuous improvement!

Furmanite - #5 Public Company in Houston!

On the heels of a 2010 restructuring effort, specialty industrial service and product solutions provider Furmanite headed out on an acquisition tear that has taken it into new areas and resulted in a major boost to shareholders.


The company, which supplies maintenance tools and engineering services to industry, saw earnings per share grow by 1,750 percent in 2013. Revenue grew by nearly 31 percent to $427.3 million over 2012.

Furmanite ranks No. 5 on the Houston Chronicle 100 list of top public companies. The Houston-based company was not on the list last year.


Joe Milliron, president and chief operating officer, said the company launched a series of acquisitions beginning in 2011 that added a variety of service capabilities to the Furmanite umbrella, including key components such as nondestructive testing and inspection services and engineering and technical solutions.  "We have really transformed from a service provider that was sort of waiting for the phone to ring to a one-stop solution for customers by bundling our services and offering a broader range of services," Milliron said. 


Furmanite also sought to expand existing service lines internally. Bob Muff, chief financial officer, said the company's revenue growth last year was credited to an even split between acquisitions and organic growth. Also helping boost the bottom line was a streamlining effort that enabled Furmanite's 86 offices on six continents to begin sharing resources and to operate cohesively.  "We started operating as one company around the world," Muff said.


Milliron said the company's strong performance in terms of earnings-per-share growth and total return to shareholders (98 percent) in 2013 was also partially a result of controlling costs.
Since launching a five-year transformation plan four years ago, Furmanite has reached other milestones. Compared with 2009, revenue and employee head count are projected to double this year.

                                                                                                     

During the past four years, Furmanite has completed eight acquisitions, reported positive earnings in 15 of the 17 quarters, and more than doubled its market capitalization.

It now has 3,105 employees, with 811 in the Houston area.


http://www.houstonchronicle.com/business/chron-100/article/No-5-Furmanite-5565454.php

Furmanite Technical Solutions - Safety Awards & Recognitions

Houston Business Roundtable (HBR ) Safety Excellence Award Program

• FTS received “Best in Category” & “New Comer Of The Year Award” for work done at Chevron Phillips Cedar Bayou Facility in 2013

HBR Safety Excellence Best Practices Seminar

• 2014 Safety Excellence “Best of the Best” Award Winners, Thursday, June 19th

Industrial Safety Training Council Contractor Safety Award Program

• Incidence Rate Reduction for achieving a 100% reduction in total recordable incidence rate
• Safety Achievement Award for Hours Worked without a OSHA lost workday case
• Safety Achievement Award for Years Worked – For having worked 3 years without an OSHA lost workday case

ExxonMobil Beaumont Refinery

• The ExxonMobil 2014 Contractor Safety Program and “ZERO” injuries in 2013

Golden Triangle Business Roundtable Contractor Safety Awards Program

• FTS has been recognized and will proceed to the audit process at the following site:
  • Huntsman Port Neches
  • ExxonMobil Beaumont Refinery
  • Flint Hills Port Neches
  • Chevron Phillips Port Arthur

Southwest Louisiana Safety Contractor Awards

• FTS will be recognized at the Southwest Louisiana’s Contractor Safety Award Banquet scheduled for June 24^th. 
• This safety program recognizes those contractors that have achieved continuous safety improvement and have reached for high standards in their company safety programs, which have promoted accident prevention in refineries and petrochemical plants located though out Southwest Louisiana. The awards recognize safety excellence that participating contractors have achieved though diligence and dedication for the safety of their employees and clients.

Furmanite CEO Plans Retirement - No Change in Direction

HOUSTON--(BUSINESS WIRE)--May 27, 2014-- Furmanite Corporation (“the Company”) (NYSE: FRM) today announced that Charles R. (Charlie) Cox will retire as the Company’s CEO effective as of December 31, 2014. The Company also announced that Sangwoo (Bill) Ahn, Presiding Non-Executive Director, will assume the additional role of Non-Executive Board Chairman during the succession planning process associated with Mr. Cox’s retirement. Mr. Cox will continue to serve as a director of the Company.
Mr. Cox said, “I am extremely pleased with what our great team has accomplished in the past four years, and with our positioning for remarkable future growth and success as well! Our entire management team and Board remain totally committed to the Company’s new cultural and strategic direction. This includes the continued integration of our extensive geographical footprint with our World leading service line capabilities to truly serve our customers “The Orange Way”, as one single global team!”
Mr. Ahn added, “The Board has been working on a succession plan and the Board’s approval of Charlie’s decision to retire at the end of 2014 simply marks the next stage in an orderly succession process supporting the Company’s continuing growth. The Board will assure that continuity of our strategic direction is maintained through, and beyond, the leadership transition!”
Mr. Cox concluded, “We still have much to accomplish in 2014 and are confident that the normal activities of the succession process will have no impact on either current operations or our planning and preparation for the Company’s future!”

Furmanite Technical Solutions - In the News!

OSHA names Chevron Phillips Chemical’s Cedar Bayou facility as having most VPP-certified companies at one site in U.S.

BAYTOWN – Today the U.S. Occupational Safety and Health Administration (OSHA) confirmed that the Cedar Bayou facility of Chevron Phillips Chemical Company LP (Chevron Phillips Chemical) in Baytown, Texas has the most Voluntary Protection Program (VPP) certified companies working at one site in the United States.
The Cedar Bayou facility and 11 of its contractors are VPP certified. The contractors include Brock Services LTD, Furmanite Technical Solutions, Jacobs Engineering Group Inc, Mobley Industrial Services Inc, Nalco Company, QualSpec, S&B Engineers & Constructors, SGS Petroleum Service Corporation, TechCorr USA, LLC, Veolia Environmental Services and Zachry Industrial Inc.


OSHA’s VPP recognizes employers in the private industry who have implemented effective safety and health management systems above and beyond federal regulations, while maintaining injury and illness rates below national Bureau of Labor Statistics averages for their respective industries. Chevron Phillips Chemical’s Cedar Bayou facility is also a STAR site in the VPP program and voluntarily mentored onsite contractors as they also received VPP certification at the site.
“This is a prestigious honor for Chevron Phillips Chemical,” said Van Long, plant manager at Chevron Phillips Chemical’s Cedar Bayou facility. “Having a facility with the most VPP-certified companies in the nation is a true testament of our commitment to provide a safe work environment for both our employees and contractors.”

The Cedar Bayou facility is located 28 miles east of downtown Houston and has been in operation since 1963. The plant is situated on 1,400 acres in the heart of the Golden Crescent, a 700-mile strip of the Gulf Coast that produces more than 80 percent of the petrochemicals manufactured in the United States. The Cedar Bayou facility produces ethylene, propylene, high-density polyethylene, low-density and linear low-density polyethylene, normal alpha olefins, and poly alpha olefins.
The Cedar Bayou facility is also the future site of the world’s largest 1-Hexene unit capable of producing up to 550,000 pounds per year with an expected start-up in 2014, as well as a new world-scale ethane cracker capable of producing 3.3 billion pounds per year of ethylene, as part of Chevron Phillips Chemical’s U.S. Gulf Coast Petrochemicals Project for startup in 2017. Construction on the new ethane cracker is expected to commence in early 2014 and to create approximately 400 long-term direct jobs and 10,000 engineering and construction jobs.

Welcome APAC Employees!

The Orange Academy welcomes employees from Australia, New Zealand, Malaysia, and Singapore!

Welcome - Furmanite Technical Solutions Employees

 

 

 As Furmanite's global training program continues to progress, the standardization of training for all employees is pinnacle to meeting our safety goals and ensuring the perfect delivery of products and services to our customers.  On April 1, 2014, over 900 employees from Furmanite Technical Solutions will be joining the Orange Academy and bringing with them capabilities for the planning and development of in-plant projects, project management, and specialized engineering experience.  The diversity of skills and knowledge that FTS will be bringing to the training program is a great compliment to the mechanical and inspection services already being offered.

We hope you enjoy your Orange Academy experience, and please feel free to contribute and provide feedback by emailing to training@furmanite.com

New Furmanite Uniforms - Sneak Peak!

The Orange Way  - - -  "Working Together as One Global Team"

SAFETY SURVEY - LAST DAY JANUARY 31ST!!!

Please click on the appropriate Safety Survey to start!

Safety Survey - English 

  

Safety Survey - SPANISH(Española)

  

We have committed to place "Safety above all else" at Furmanite, and want the safety of every team member to be the FIRST priority of all Furmanite team members around the world! Our past safety record has been good, but we want to further strengthen our safety culture, safety program and safety commitment to make Furmanite the safest company in our industry with a "Zero injury" goal and expectation. The purpose of this questionnaire is to help us evaluate our current total company Safety Program and Safety Culture, and identify areas where we can improve.  Your Company needs your perceptions of how we are currently doing and your suggestions regarding how we can make our Safety Culture and Program even stronger.

 You are free to either sign or not sign your response, but either way you can be certain that your honesty will be appreciated, and that nothing you say will be responded to in a negative manner!

The survey will be open until February 1, 2014.

Thank you for participating!